fuel payment card Archives - Maritime Shipping News

Fleetcor’s Q4 revenue increased 30% YOY

9 February 2022

Fleetcor reported fourth quarter earnings for 2021.

Global commercial fuel card and business payments company Fleetcor Technologies Inc. on Tuesday reported total revenue for the fourth quarter grew 30% year-over-year to $802 million. Net income increased to $225 million for the quarter, a 7% year-over-year rise.

Fleetcor’s adjusted earnings per share (EPS) reached $3.72 for the fourth quarter, increasing 24% year-over-year from $3.01. The company’s retention rate reached 93%.

“Our fourth-quarter results came in ahead of our expectations we gave...

https://www.freightwaves.com/news/fleetcors-q4-revenue-increased-30-yoy

Fleetcor beats Q3 expectations again with 29% YOY revenue growth

4 November 2021

Fleetcor's third-quarter results beat expectations again.

Global commercial fuel card and business payments company Fleetcor Technologies Inc. (NYSE: FLT) on Wednesday reported total revenue for the third quarter grew 29% year-over-year to nearly $756 million. Net income increased to $234 million for the quarter, a 24% year-over-year rise.

After record retention and sales in the second quarter, the trend continued in Q3.

Fleetcor’s adjusted earnings per share (EPS) reached $3.52 for the third quarter, increasing 26% year-over-year from $2.80. The...

https://www.freightwaves.com/news/fleetcor-beats-q3-expectations-again-with-29-yoy-revenue-growth

Fleetcor reports ‘record retention and sales’ for Q2

4 August 2021

Fleetcor's Q2 earnings show significant growth.

Global commercial fuel card and business payments company Fleetcor Technologies Inc. (NYSE: FLT) on Wednesday reported total revenue for the second quarter grew 27% year-over-year to $667 million. Net income increased by 24% year-over-year, totaling $196 million in the second quarter.

After slightly lower earnings in the first quarter, Fleetcor’s adjusted earnings per share (EPS) reached $3.15 for the second quarter, a 38% year-over-year increase from $2.28. The company expected adjusted EPS to...

https://www.freightwaves.com/news/fleetcor-reports-record-retention-and-sales-for-q2

Wex misses third-quarter earnings and revenue estimates

29 October 2020

Wex Inc. (NYSE: WEX) on Thursday reported third-quarter revenue of $382.1 million, down 17% from $460 million in Q3 2019, and adjusted earnings per share (EPA) of $1.59.

The quarterly results fell short of Wall Street expectations, with most analysts predicting earnings of $1.71 to $1.73 per share and revenue of $395 million.

“As expected, the pandemic continues to impact business activity within our customer base,” Wex CEO Melissa Smith said during the company’s quarterly earnings call....

https://s29755.pcdn.co/news/wex-misses-third-quarter-earnings-and-revenue

Carriers gain customer and credit options as volumes surge

16 June 2020

Red and white tractor trailer trucks fueling up at Pilot Company

As the United States reopens its economy and quarantined consumers return to quasi-normal behaviors with their stimulus checks, overall freight volumes are surging. While capacity remains loose, rates are rebounding from their low levels. This could be due to the reopening of restaurants and seasonal movement of produce out of Florida and California. Also, the online electronics sector is up 150% year-over-year, proving the power of ecommerce.

“Shippers are still in a dominant pricing power...

https://www.freightwaves.com/news/carriers-gain-customer-and-credit-options-as-volumes-surge

FleetCor first-quarter results beat EPS by 12%, revenues by 6.3%

24 May 20208 May 2020

FleetCor Technologies Inc. (NYSE: FLT), a fuel-card and business-payments provider, announced first-quarter 2020 adjusted earnings per share (EPS) of $3 — 23 cents better than the consensus estimate.

Total revenues increased 6.3% to $661.1 million in the first quarter of 2020, compared to $621.8 million in the first quarter of 2019.

“We managed a pretty good first-quarter result, particularly considering the current environment, with adjusted net income per diluted share finishing at $3. January...

https://www.freightwaves.com/news/fleetcor-first-quarter-results-beat-eps-by-12-revenues-by-6-3